651-900-4386
583 Holly Ave, Saint Paul, MN for Sale
Apartments - FOR SALE
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583 Holly Ave
Saint Paul, MN 55102
Summit-University


HIGHLIGHTS

  • Separate utility meters for Gas/Heat & Electric
  • Preserved Original Woodwork & Wood floors, Tall - 10ft Ceilings
  • MTM leases
  • Split entrances for enhanced security

OVERVIEW

Contact Nate Schammel for more property information, financials and tours. 651-955-4255 nate@mrgrealtypartners.com —————————-—————————-—————————-—————- Financials and Details are available in OM under “Due Diligence” —————————-—————————-—————————-—————- This historic 8-unit brownstone in St. Paul’s Summit-University features a 7-2 bedroom, and 1-1 bedroom unit mix with each unit boasting 10-foot ceilings, hardwood floors, natural woodwork, split entrances, and original preserved details like built-in buffets outdoor balconies. Many of the 2 beds are used as 3 beds (or 2+ Den/Office) due to their separated Dining/living room spaces. A sought-after & walkable location near dining and shops, off-street parking creates strong rental demand. Spacious owner storage in basement with roughed-in bathroom and laundry machines. Investors minimize their expenses & hedge the risk of utility inflation with tenants paying all the Gas (heat) and most of the electric expenses. Rents are below market and all tenants are currently MTM giving investors flexibility to implement their own leases & procedures post closing.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

8

CAP RATE

Request Cap Rate

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holly Avenue Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

Multi-Family

APN/PARCEL ID

01-28-23-23-0093

ASK ABOUT THIS PROPERTY

Doug McNicollMRG Realty PartnersMore Info
651-900-4386

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Doug McNicollMRG Realty PartnersMore Info
651-900-4386

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.